TSLY.TO vs. CNQE.TO

Last updated Jun 5, 2026

TSLY.TO (Harvest Tesla Enhanced High Income Shares ETF) and CNQE.TO (Harvest CNQ Enhanced High Income Shares ETF) are both Derivative Income funds from Harvest. Both are actively managed. At a correlation of -0.18, they often move in opposite directions. Both charge a 0.40% expense ratio.

Performance

TSLY.TO vs. CNQE.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Harvest Tesla Enhanced High Income Shares ETF (TSLY.TO) and Harvest CNQ Enhanced High Income Shares ETF (CNQE.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TSLY.TO achieves a -4.93% return, which is significantly lower than CNQE.TO's 38.88% return.

TSLY.TO

• 1D: -0.95%
• 1M: 9.68%
• YTD: -4.93%
• 6M: -6.65%
• 1Y: 38.16%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CNQE.TO

• 1D: -0.34%
• 1M: 1.72%
• YTD: 38.88%
• 6M: 34.99%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

TSLY.TO vs. CNQE.TO - Yearly Performance Comparison

	2026 (YTD)	2025
TSLY.TO Harvest Tesla Enhanced High Income Shares ETF	-4.93%	42.67%
CNQE.TO Harvest CNQ Enhanced High Income Shares ETF	38.88%	13.80%

Correlation

The correlation between TSLY.TO and CNQE.TO is -0.18, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 22, 2025	-0.18

Return for Risk

TSLY.TO vs. CNQE.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TSLY.TO

TSLY.TO Risk / Return Rank: 25
TSLY.TO Sharpe Ratio Rank: 25
TSLY.TO Sortino Ratio Rank: 26
TSLY.TO Omega Ratio Rank: 25
TSLY.TO Calmar Ratio Rank: 27
TSLY.TO Martin Ratio Rank: 24

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TSLY.TO vs. CNQE.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harvest Tesla Enhanced High Income Shares ETF (TSLY.TO) and Harvest CNQ Enhanced High Income Shares ETF (CNQE.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	TSLY.TO	CNQE.TO	Difference
Sharpe ratio: Return per unit of total volatility	0.84	—	—
Sortino ratio: Return per unit of downside risk	1.35	—	—
Omega ratio: Gain probability vs. loss probability	1.17	—	—
Calmar ratio: Return relative to maximum drawdown	1.29	—	—
Martin ratio: Return relative to average drawdown	3.15	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	TSLY.TO	CNQE.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.84	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.06	2.45	-2.51

Drawdowns

TSLY.TO vs. CNQE.TO - Drawdown Comparison

The maximum TSLY.TO drawdown since its inception was -58.91%, which is greater than CNQE.TO's maximum drawdown of -18.22%. Use the drawdown chart below to compare losses from any high point for TSLY.TO and CNQE.TO.

Drawdown Indicators

	TSLY.TO	CNQE.TO	Difference
Max Drawdown Largest peak-to-trough decline	-58.91%	-18.22%	-40.69%
Max Drawdown (1Y) Largest decline over 1 year	-29.78%	—	—
Current Drawdown Current decline from peak	-15.22%	-6.40%	-8.82%
Average Drawdown Average peak-to-trough decline	-26.86%	-4.14%	-22.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.23%	—	—

Volatility

Volatility by Period

	TSLY.TO	CNQE.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.47%	—	—
Volatility (6M) Calculated over the trailing 6-month period	27.65%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	45.74%	33.04%	+12.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	60.12%	33.04%	+27.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	60.12%	33.04%	+27.08%

TSLY.TO vs. CNQE.TO - Expense Ratio Comparison

Both TSLY.TO and CNQE.TO have an expense ratio of 0.40%.

Dividends

TSLY.TO vs. CNQE.TO - Dividend Comparison

TSLY.TO's dividend yield for the trailing twelve months is around 38.17%, more than CNQE.TO's 9.43% yield.

Position	TTM	2025
CNQE.TO Harvest CNQ Enhanced High Income Shares ETF	9.43%	4.42%
TSLY.TO Harvest Tesla Enhanced High Income Shares ETF	38.17%	32.52%

Frequently Asked Questions

Can I hold both TSLY.TO and CNQE.TO in my portfolio?

TSLY.TO and CNQE.TO have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TSLY.TO or CNQE.TO?

Both ETFs have the same 0.40% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TSLY.TO or CNQE.TO?

TSLY.TO and CNQE.TO have the same expense ratio: 0.40% per year.